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Nov 1, 2012
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i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm
i want to get your take on this sandy factor and the stock market. >> i think sandy is a temporary story, but the way i think christie and other governors and mayors really pitched in suggests that we'll get through this fairly quickly and there will be serious commitments in terms of infrastructure and improvements. and i'll reemphasize your point. chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was...
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Nov 1, 2012
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returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update you on the latest on super storm sandy. millions still without power. evacuation orders remai
returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic...
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Nov 5, 2012
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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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Nov 2, 2012
11/12
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the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. i' b
the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day,...
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Nov 7, 2012
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. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled several events in virginia as did the president. right thing to do. it did stem that tide of momentum i think a little bit in virginia. and certainly gave the president the chance to dominate a few news cycles to do what they needed to do and fema did a good job. even though most of the efforts state and local governments, president was out there doing the right thing. partisanship goes out the window during natural disasters. it hurt governor romney because he had five days he couldn't do anything. hopefully that won't hurt him in virginia. i still think we win by a couple.
. >> governor, how important was hurricane sandy to this whole story? romney had tremendous momentum after all three debates, okay. then comes hurricane sandy. the romney campaign is basically suspended for about five days. you've got president obama looking presidential and getting a bear hug with governor christie of new jersey. how much do you think that hurt the romney operation? >> larry, it froze the race in place for five or six days as you pointed out. the governor canceled...
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Nov 2, 2012
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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Nov 2, 2012
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superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad. there'sing in small about this show today. that and more next. [ male anno] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. clorox just one of the many
superstorm sandy causing billions in damages. now companies are warning the storm will wreak havoc on earnings. the ce e o from clorox is here exclusively. >>> plus, sandy causing gas lines reminiscent of the 1970s throughout the new york area. we've got the latest details on the crisis and how ugly it's getting out there. >>> and at least those lines are over something essential like gasoline. check out all the people waiting to get their hands on apple's new mini ipad....
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Nov 1, 2012
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hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps. >> shortage caused by hurricane sandy is causing lines in some cases miles long. joining us for monday is jonathan citron. thanks for calling in. you follow energy markets quite a bit. how long and how likely are the shortages to persist? >> i think we'll see the shortage persist for a short period of time. they're doing all they can to alleviate not only the damage, but it's all about getting the power back on. we need to get the glass to the pumps and the pumps working. so i think it's a matter of days rather than t
hit by sandy. we'll discuss the outlook for prices with a guest who says shortages will continue for several days in the hardest hit areas. >>> plenty of focus on energy today. weaker prices taking their toll on shell. posting a 15% drop in its third quarter profit following a fall in prices. result below analyst expectations. if x. on mobile expected to report a fall in its profit today. revenues expected to contract by around 9:00. 9%. and from the energy companies to the gas pumps....
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Nov 5, 2012
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sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress and either a new administration or the existing one, but they've got to get it downsized pretty substantially pretty quickly. and it's going to require, because of that gridlock we're going to have again, a bipartisan concurrence. that's going to be the test in 2013. >> chris, what do you think? how do you want to invest with $1.5 billion under management, how are you allocating money today? >> i think you want to be neutral. i think you want to leave your bets at the doorstep and to take win side of the other is gambling and
sandy, what about you? you say regardless of who wins the election, the fiscal cliff would be either downsized or deferred. what does that mean? >> well, i think downsizing is more likely. have you to factor in the hurricane as well because that's going to be a half a percentage point decline as well, coupled with, you need to get that fiscal cliff down to 1% or maybe 0.5%. i think the downsizing has to be pretty substantial. they're either going to have to defer it to the new congress...
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Nov 6, 2012
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sandy can be the excuse. from hain and we're out there in business, business is good. >> new acquisition. i know that this is one that a lot of people on my staff said listen, you've got to highlight this. i have not had it. >> i've watched this whole juice category. today they're pasteurized. the nutrients are lost when you heat it to certain levels. but i've watched the whole category and the growth in the category. this was started by two young ladies that grew at $25 million-plus. right now, 80% of their sales are home sales. it's not at retail. it's at whole foods in the northeast. the opportunities to expand -- >> you just blow it out? >> blow it out. expand it. put more production, more capacity. let me just say this here. i think drinking healthy juice is going to be more and more important. pasteurized juice, just like cans of soup. like lulu lemon within hain. >> this walmart picks up immediately. >> picks up immediately. sleepy time snooze. sleepy time tea is one of our number one selling brands. h
sandy can be the excuse. from hain and we're out there in business, business is good. >> new acquisition. i know that this is one that a lot of people on my staff said listen, you've got to highlight this. i have not had it. >> i've watched this whole juice category. today they're pasteurized. the nutrients are lost when you heat it to certain levels. but i've watched the whole category and the growth in the category. this was started by two young ladies that grew at $25...
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Nov 5, 2012
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most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your research. >> i think the bond market rally has run it's course. even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is goi
most could be considered a sandy effect. the s&p 500 utilities index dropping to its lowest level since early june in the wake of superstorm sandy. >> time for talking numbers, forget obama versus romney. some say it breaks down to bonds versus stocks because the president's policies may be good for bonds and mitt romney's policies would benefit equities. on the technical side, abigail doolittle and miller bookbar. peter, you're one of the smartest guys out there. i love your...
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Nov 9, 2012
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Nov 7, 2012
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tell us what clean harbors is doing with hurricane sandy? >> we're probably up to about 700 people now, jim. we're providing everything from logistics support, generatorgen fuel, certainly clean-up work. there's a number of there that had some significant oil spills that helped them to get those facilities going again. it's certainly anything to do with the remediation side, you know, whether it's removing hazardous waste from these properties that have damage to avoiding any kind of chemical waste that's a part of the clean-up. it's a whole round of services here. >> do you do with fema? governor christy? govern govern governor quomo? how does it work? >> most of your waterside facility haves to have standby, emergency agreements. so when the events like this happen, most of the time we will have a contract in place. or from engineering consulting firms who may also have contracts in place with those firms. >> how do we have 700 people ready to go? >> we have a standby research group, an emergency response center that we man. we have 9,000
tell us what clean harbors is doing with hurricane sandy? >> we're probably up to about 700 people now, jim. we're providing everything from logistics support, generatorgen fuel, certainly clean-up work. there's a number of there that had some significant oil spills that helped them to get those facilities going again. it's certainly anything to do with the remediation side, you know, whether it's removing hazardous waste from these properties that have damage to avoiding any kind of...
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Nov 5, 2012
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. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
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Nov 5, 2012
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sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce springsteen in ohio. jay-z in wisconsin rather. mitt romney is going to new hampshire. twice to virginia. you look at the polls and they are extremely tight. our last nbc news/wall street journal poll shows 48% for obama. 47% for mitt romney. that's as tight as you can be. well within the margin of error. either candidate can win the popular vote. you look at the battleground states and that's where president obama held an advantage. look at final three polls for nbc and the wall street journal. first of all in virginia.
sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce...
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Nov 6, 2012
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so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very much. >>> and with much of new jersey still suffering in the aftermath of hurricane sandy, where and how to vote could be an issue for lots of people. my polling place was moved. kayla tausche is tracking that in the garden state. >> reporter: getting people to the polls is a major task here in the storm-ravaged state with hundreds in shelters hundreds of thousands still without power. an original plan to have national guard trucks serving as mobile polling stations was quashed by state officials that's because many power grids are coming back up. the move to allow displaced voters to vote by e-mail not
so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very...
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Nov 1, 2012
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 2, 2012
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if people would give money to sandy relief. city meals is
if people would give money to sandy relief. city meals is
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Nov 5, 2012
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blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked about this stock, it was because they were being sued, a really unfortunate situation. i think the market likes that we haven't seen a pile-on by other plaintiffs. >>> and finally, a pop for pigskin politics. here is a positive sign for the romney campaign, according to the redskins koul rule. if the washington redskins win their last home game before a race, the incumbent party will win the presidency. on sunday, as you know, the redskins lost to the carolina panthers at home. but if you're not a firm believer in pigskin politics, con
blame it on sandy. express groups missed that will be interesting to see how it affects walgreen tomorrow. >> the stock has been a monster. they filed a mix shelf. i don't think that's going to matter. it might trade 66 in a couple months. it's at least going to 50. >> speaking of monster, monster beverage, up 2%. scott? >> they got a love letter in the media, which pointed out they own a third of the impressive and growing energy drink market. and the last time we talked...
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Nov 5, 2012
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ed to. >> it is mind boggling to think this could happen just a week after sandy. let me somehow you how this is coming about. first, a storm center exactly two days from now right there about 100 miles to the east-southeast of atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48 hours from now is when it would begin. powerful coastal storm. what does that mean? the storm center that lurks offshore, a nor'easter we call them. we haven't seen one this strong, believe it or not. if you don't count sandy in about a couple of years, two, three years now, big winds from the storm, coastal flooding indeed a possibility again but not nearly as severe. and it stalls for 24 hours. there's even the potential for some snow involved in some locations. we have a lot to take a look at in the next 48 hours as we get closer and closer to that storm center moving up the ea
ed to. >> it is mind boggling to think this could happen just a week after sandy. let me somehow you how this is coming about. first, a storm center exactly two days from now right there about 100 miles to the east-southeast of atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48...
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Nov 2, 2012
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but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term needs, whether that's better evacuation systems, help for the elderly or taking a closer look as many are now at climate change. meanwhile, companies are also stepping up. jpmorgan is giving $5 million. disney's giving $2 million. fedex, toyota, viacom are all now among the biggest donors and that list is growing. one advisor told me mega checks from the wealthy will come, they always do. back to you, michelle. >> i'll take it, robert. >>> we're going to dive a little bit deeper now into the business of charities. best ways to collect and distribute money after a dis
but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term...
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Nov 5, 2012
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why am i coming back to mccondo when everyone else is focused on sandy? because so far, in order to cover that $50 billion bill, bp has been forced to sell $30 billion. the companies which have bought those assets tend to be doing really well. why, because they've got some pretty good deals from bp. now that bp is nearing the end of its asset disposal program, i wanted to highlight the opportunistic buyers that have been able to swoop in like vultures and pick off pieces of bp at bargain basement prices. bp is the true motivated seller. they have no choice. they needed the money and they needed it now. anybody with the good fortune to be ready and to buy anything from them has got an good deal. bp is like a helpless giant. i'm going to tell you about all the companies that have been taking advantage of its weakness to pick up high quality assets at ridiculously low prices. let's start with the refiners. bp decided to sell off two of its refiners. historically, i haven't been a big fan of the refiner business. lately the dynamics of the industry have chang
why am i coming back to mccondo when everyone else is focused on sandy? because so far, in order to cover that $50 billion bill, bp has been forced to sell $30 billion. the companies which have bought those assets tend to be doing really well. why, because they've got some pretty good deals from bp. now that bp is nearing the end of its asset disposal program, i wanted to highlight the opportunistic buyers that have been able to swoop in like vultures and pick off pieces of bp at bargain...
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Nov 6, 2012
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plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either candidate but some resolution of all of this. what do you see in a risk-on trade, what we are seeing t
plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages...
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Nov 16, 2012
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. >> you get back from sandy in q1. you get the snap back. we had the conversation offset before. i think this is a gift to buy the quality names. and if we could just get to the point where the market is not looking at all equities as in need of going down and say, this is a quality company that can withstand some of the odds in the market. >> the problems, joe, as a trader, 70% of the market trades with the overall market. >> absolutely. that's the point. let's get to a place where that's not the scenario. >> i hear you. this could be the gift to keep giving. >> or taking. >> absolutely. >> if this is volatile. i don't know if it was john harwood focusing on the comments saying that we can make get it done sooner. my information from the information administration is using it right up to the edge. >> reid's comments not something where we wait until the last minute. >> these are facts, scott. they have to come up with an agreement and then scored by the cbo and voted on by congress. >> but steve, you don't need a deal
. >> you get back from sandy in q1. you get the snap back. we had the conversation offset before. i think this is a gift to buy the quality names. and if we could just get to the point where the market is not looking at all equities as in need of going down and say, this is a quality company that can withstand some of the odds in the market. >> the problems, joe, as a trader, 70% of the market trades with the overall market. >> absolutely. that's the point. let's get to a...
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Nov 8, 2012
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we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not have their expertise or opportunity. >> announcer: coming up, election correction. the market obliterated anything romney related today. but stick around. cramer is rummaging through the romney rubble to find you diamonds in the rough. in america today we're running to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make
we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not have their expertise or opportunity. >> announcer: coming up,...
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Nov 2, 2012
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first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha
first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i...
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Nov 2, 2012
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Nov 5, 2012
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 5, 2012
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Nov 6, 2012
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a lot of people and a lot of the polling data, to the extent we care, sandy stopped mitt romney's momentum. momny was really on a high trajectory, now all of a sudden the race has changed and the polls are completely even. in your judgment, ann, how does romney get out of that box? he lost his mo, how does he get out of that box and win tomorrow night? >> i don't think he has lost his momentum. i think polls basically show the candidates tied in the swing states. except florida and north carolina, where romney -- i don't think they're even considered swing states anymore. even by the left. but of the remaining swing states, it's gone a little bit this way, a little bit that way, i wouldn't read too much into it considering the polls aren't going to be correct. the polls as ron johnson just said -- by the way, i spent the weekend in wisconsin, i did five different events, and they are very excited in the suburbs of milwaukee. i have romney winning at an absolute minimum 273 electoral votes. i don't usually do this because i'm confident romney's going to win because the country's really goin
a lot of people and a lot of the polling data, to the extent we care, sandy stopped mitt romney's momentum. momny was really on a high trajectory, now all of a sudden the race has changed and the polls are completely even. in your judgment, ann, how does romney get out of that box? he lost his mo, how does he get out of that box and win tomorrow night? >> i don't think he has lost his momentum. i think polls basically show the candidates tied in the swing states. except florida and north...
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Nov 6, 2012
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kayla tausche is in new jersey with more. >> reporter: most of the areas were hit by super storm sandy. tons of initiatives urged residents to get out the vote. they haven't been without controversy, like e-mail and mail-in ballots and hard-paper voting, they should soft an major shift in turnout but recently, the aclu just filed an emergency injunction saying officials were actually inundated with these "and unclear how they will turn out. likely, even if these initiatives do work, likely won't be the 70% turnout rate that new jersey has had historically in the last three elections according to mayor of a nearby town. >> it is going to be down, couldn't tell you what the percentage is. it is a presidential election, you will get people that get out and vote but going to be down, everybody has a lot of other things on their mind right now. >> reporter: officials urge those who could vote to vote early and thousands did over the weekend, up until end of market yesterday. clerks saying in some of these nearby counties, it's been greater than anything they have ever seen buzz still unclea
kayla tausche is in new jersey with more. >> reporter: most of the areas were hit by super storm sandy. tons of initiatives urged residents to get out the vote. they haven't been without controversy, like e-mail and mail-in ballots and hard-paper voting, they should soft an major shift in turnout but recently, the aclu just filed an emergency injunction saying officials were actually inundated with these "and unclear how they will turn out. likely, even if these initiatives do work,...
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Nov 6, 2012
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>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the button. >> did you have a -- >> it was a total make shift where i voted. you had to write it down first and then scan. >> if you are in manhattan you don't need a curtain. >> the guy who was helping out said let me see your sheet. i said no. >> you have to bubble in these things like you are doing the s.a.t.s. people can see what you are doing. >> don't need a curtain in new york. obama. >> i saw some obamas. >> thank you. 7:00. you and carl will be getting us through until we know who won. >>> when we come back the election and the fiscal cliff, the chairman and ceo of pmc
>> it has been up in the air because of hurricane sandy. what happens once we know who the president is. that is when the work begins, fiscal cliff, foreign policy and supreme court seats. >> the next federal reserve. >> everyone thinks their vote matters, though, i think this time because it is so close. it is a uniquely -- i felt good my kids went with my wife and were in the curtain and saw everything. scott had to stand on the side where you couldn't get close to the...
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Nov 7, 2012
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just one week after the hurricane sandy, the northeast is bracing for another big storm. we have got all the latest on this nor'easter's path apparently named athena, right after this. stay tuned. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> residents in the northeast still recovering from the fallout of hurricane sandy, but another big storm is causing power outages once again. m
just one week after the hurricane sandy, the northeast is bracing for another big storm. we have got all the latest on this nor'easter's path apparently named athena, right after this. stay tuned. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're...
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Nov 8, 2012
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and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as part of a zeal to tackle the fiscal cliff. to sort through this cnbc's eamon javers has the very latest. good evening, eamon. >> good evening, larry. in his first post-election televised comments today speaker of the house john boehner telling reporters that he's twoilg accept some increases in revenue as long as they come as part of the grand bargain on taxes and spending in washington that would include entitlement cuts as well as tax reform that would lower overall rates and broaden the base. here's the speaker earlier today. >> for the purposes of
and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as...
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new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and pennsylvania close at 8:00. if governor romney wins new hampshire, if governor romney wins or is essentially tied, it's unclear, in pennsylvania, i think we're going to have a pretty good indication that governor romney will be the next president of the united states. because the polls all show new hampshire has a virtual dead heat. perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an ea
new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and...
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Nov 15, 2012
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that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is now on high alert and ready to act, if necessary. all this while america's top intelligence agencies appear to be in disarray. we're going to try to get a handle on this nasty middle eastern story up next on "kudlow." >>> so is israel going to wipe out hamas, and what is iran going to do? this after an air strike kills a high-ranking hamas leader today. the mideast tinderbox seems like it's about to explode once again. let's talk, here now is our great friend, barclays senior geopolitical strategist, helema croft, former cia economic analyst. israel is going whole hog n
that's how we talked about sandy until we heard about john turner. he runs natural catastrophe solutions. he was on the shore when he bought a scratch-off lottery ticket and won $100,000. turner's giving some to his church, saving some more and investing the rest in his business. you know what? it's nice to have a positive story like this every once in a while. >>> all right. many thanks again to our budget expert, doug holtz-eakin. hamas declares war on israel. israel ground force is...
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Nov 6, 2012
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and hanover beating forecasts saying it will be able to absorb damage claims from sandy without effecting its annual disaster budget. on the currency markets, aussie dollar 1.0423. rba keeping rates steady. dollar-yen slightly weaker, but still above 80. euro-dollar out of the 1.28 range that we've been trading in. that's where we stand on the european trade. on the day of the u.s. elections, let's get over to singapore. >> asian markets finished on a mixed note. the shanghai composite recouped early losses to close down by 0.4%. developers took a beating after data showed housing prices in the small business hub dropped 16% on on year. but shale gas producers surged on a new subsidy program. concerns over money laundering charges with the hsbc. nikkei finished lower as a stronger yen hurt exporters. nissan lost 2% ahead of earnings after morgan stanley slashed its price target. after the bell, the carmaker cut its full year forecasts as sales tumbled in china. the kospi ended higher by 1%. carmakers staged a rebound after yesterday's plunge. hyundai rallied over 4%. kia gained 1.6%.asx 2
and hanover beating forecasts saying it will be able to absorb damage claims from sandy without effecting its annual disaster budget. on the currency markets, aussie dollar 1.0423. rba keeping rates steady. dollar-yen slightly weaker, but still above 80. euro-dollar out of the 1.28 range that we've been trading in. that's where we stand on the european trade. on the day of the u.s. elections, let's get over to singapore. >> asian markets finished on a mixed note. the shanghai composite...
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Nov 8, 2012
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Nov 6, 2012
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we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years. there's an 80-day window of which 30 really matter. if you don't get those, you have to sell these stocks. you need thanksgiving to christmas. >> all right. we'll see you tonight. >> thank you. >> of course coverage begins from 5:00 to 7:00 -- >> i have the air mattress ready. >> when it comes to betting on the election, how should you play gold depending on who wins the presidents whycy? we'll talk to randi zuckerberg, the sister of mark zuckerberg. her tv show premiered on bravo last night. we'll talk to her about that too when we come back. nobody said an all-in-one had to be bulky. or that you
we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years....
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Nov 7, 2012
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i think sandy has helped as home building. look at wood and cut. >> pete najarian, i believe you answered my question in the affirmative. you would step into coal here? >> disagree with josh. i like the coal names, specifically the ones that have exposure with the asian markets. i actually jumped into cliffs today. today was the opportunity, i think. i'm not necessarily calling a bottom. i think there could be selling pressure. of course there could be. the exposure they got to the asian markets, i think we are seeing the chinese markets trading better each day. australia did not lower the rates. there's a lot of reasons that the global economy outside of europe is looking better and i think the names exposed to those areas could do very well. >> all right, pete. thanks very much. apple shares drifting into bear market territory, falling pretty sharply. down 20% from the all-time highs. we're going to get to the core of what is driving the stock lower. what is a fast money without some kind of apple? plus, is the fear trade ba
i think sandy has helped as home building. look at wood and cut. >> pete najarian, i believe you answered my question in the affirmative. you would step into coal here? >> disagree with josh. i like the coal names, specifically the ones that have exposure with the asian markets. i actually jumped into cliffs today. today was the opportunity, i think. i'm not necessarily calling a bottom. i think there could be selling pressure. of course there could be. the exposure they got to the...
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Nov 14, 2012
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breaking news a major resignation in the wake of hurricane sandy. the chief of the long island power authority is stepping down. mike hurvay is announced his resignation as thousands of customers are still without power. but the top man is now out. we thank jeb for his insights. coming up what is in store for the future of this country and can the gop still sell free market commissions to the nation? radio talkshow host larry elder is going to join me next up. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert,
breaking news a major resignation in the wake of hurricane sandy. the chief of the long island power authority is stepping down. mike hurvay is announced his resignation as thousands of customers are still without power. but the top man is now out. we thank jeb for his insights. coming up what is in store for the future of this country and can the gop still sell free market commissions to the nation? radio talkshow host larry elder is going to join me next up. [ male announcer ] you are a...
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Nov 14, 2012
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about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's shoes. >> that is just -- they just opened another -- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do
about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's...
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so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
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Nov 8, 2012
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they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips. >> oh my. data demand continues to grow. amazing spewing of cash here and whole foods spewing cash and talking about really things playing out globally in a way that is such a -- this is a gloom buster. we talked about door busters. if you read this, you think, a-ha. this is a place that's growing in this country. and in the world. and it's smartphones. >> yesterday you stood here and you said the easiest call to make if you were at goldman still to tell a client to trim. >> yeah. >> what's the tone today? >> they did that. today's the second day re
they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips....
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Nov 15, 2012
11/12
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has suhurricane sandy hurt november sales. but the big deal for target, in december, they're teaming up with neiman marcus and bringing in pressure product and that's worked for them in the past to bring in the fresh exciting product. so in december, there's usually a lull after black friday. that will bring some excitement to the stores and drive traffic. >> i wonder, too, we saw h and m reporting numbers this morning. they surprised quite sharply to the down side. is there any read through here for retail more broadly from that surprising decline? >> yeah, h and m comps were down 5% and that was a big surprise. the street was looking for flat to slightly positive here. so h and m has been slightly volatile. their majority in europe. so obviously with walmart and target, it's all u.s. but certainly you have to look at the market and say retail is under pressure here. but in europe particularly. >> okay. stacey, joining us with the latest on on retail. we have wall mrt amart and targ shortly and then black friday always one to
has suhurricane sandy hurt november sales. but the big deal for target, in december, they're teaming up with neiman marcus and bringing in pressure product and that's worked for them in the past to bring in the fresh exciting product. so in december, there's usually a lull after black friday. that will bring some excitement to the stores and drive traffic. >> i wonder, too, we saw h and m reporting numbers this morning. they surprised quite sharply to the down side. is there any read...
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Nov 7, 2012
11/12
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over the edge in terms of helping the president with his support of the president during hurricane sandy? >> no. chris christie has got a lot of pulls but he could have had a thousand other people pulling with him but there is no way the state was going to go for mitt romney. it wasn't going to happen. >> it was very clear to me that new jersey, new york, and states like ours would stay in the barack obama column. >> thanks so much. >> we will see you soon. >> phil? >> currently i am joined by will i. am with the black eyed peas. why did you come here tonight? >> i wanted to come here, i was here in 2008. being here in 2008, going to the community that i come from to soak up the inspiration and the energy to go back to that ghetto that i come from and rinse it out. o give them some sense responsibility individually to change their lives or family's lives and the community. i'm on the mission to bring the skill set to these kids so they can become tomorrow's leaders. i want you to go college and become tomorrow's entrepreneurs. just pay me back by changing our community. >> real quick. ho
over the edge in terms of helping the president with his support of the president during hurricane sandy? >> no. chris christie has got a lot of pulls but he could have had a thousand other people pulling with him but there is no way the state was going to go for mitt romney. it wasn't going to happen. >> it was very clear to me that new jersey, new york, and states like ours would stay in the barack obama column. >> thanks so much. >> we will see you soon. >>...
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Nov 13, 2012
11/12
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and nyse ceo with us giving us an update two weeks after sandy historically closed sandy for two days. >> still a miracle they got things open when they did. we're oall following the latest in the general petraeus scandal. unbelievable twists, even today. we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four points. off of the worst levels, by the way. s&p 500 is up about 3 3/4 points at 1383. >> in today's "closing bell" exchange, we have carol roth, bruce mccain, and our own rick santel santelli. rick, i'm going to start with you today because we see that stutter step opening in the u.s. stock market. some of that could be attributable, i guess, to the plu
and nyse ceo with us giving us an update two weeks after sandy historically closed sandy for two days. >> still a miracle they got things open when they did. we're oall following the latest in the general petraeus scandal. unbelievable twists, even today. we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains...
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Nov 7, 2012
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i'm a little late because a some lines were down even a week after sandy on one of the turnpikes around here. turnout will be so crucial and even in states that are traditionally reliably blue voting will not be top of mind. >> voter turnout totally critical. let's get to john harwood, he's at the math room right now. -- map room right now. if we were to see lower turnout does that mean a positive for one way or the other? >> generally speaking, maria, people have been expecting a larger turnout would benefit the president. mitt romney and his campaign have been talking about higher levels of intensity and enthusiasm. that's des putted -- disputed by the obama team but that's their belief, they have a high level motivation to get rid of president obama and if that happens bigger turnouts for the. >> the breaking news right now. nbc news has projected west virginia a win for mitt romney. >> and ohio still too close to call at this point. north carolina also a state that is too close to call right now according to nbc news, north carolina a state that obama narrowly won in 2008, 50 to 49.
i'm a little late because a some lines were down even a week after sandy on one of the turnpikes around here. turnout will be so crucial and even in states that are traditionally reliably blue voting will not be top of mind. >> voter turnout totally critical. let's get to john harwood, he's at the math room right now. -- map room right now. if we were to see lower turnout does that mean a positive for one way or the other? >> generally speaking, maria, people have been expecting a...
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Nov 13, 2012
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impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little
impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next...
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Nov 7, 2012
11/12
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>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful romney rally of the past couple days. >> those stocks are hit very hard. i think that the correct focus on this mutually assured destruction of fiscal cliff is going to stay with us because you are going to have to pay much higher taxes on stocks. just plain and simple. it's too easy a call for broker to make. i would call everyone at goldman right now. the calls are being made. >> we'll see you tonight. >> great job last night. >> thanks a lot. and to you. we'll see you on "mad money." when we come back, four more years for your money. we'll find out what obama's second term might me
>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful...